The city has been targeted in the past by speculators betting on the Hong Kong dollar and pushing down the stock market. A new arrangement to fend off such attacks is a currency-swap mechanism set up ... ( read original story ...)
Hong Kong? Bushfires? What’s been happening on the biggest non-coronavirus stories of the year
New Year’s Day saw another huge pro-democracy rally in Hong Kong; bushfires in Australia destroyed more than 18 million hectares of forest and left at least 34 dead; while a U.S. missile killed Iran’s ... ( read original story ...)
Hong Kong follows most Asia-Pacific markets lower as IMF warns ‘Great Lockdown’ is the worst downturn since Great Depression
Hong Kong and most Asia-Pacific stocks declined Wednesday on fears ... according to gauges tracking them. The People's Bank of China on Wednesday cut its medium-term lending facility (MLF) rate to ... ( read original story ...)
China’s central bank cuts key rate to record low
The People’s Bank of China (PBoC) said it was lowering the one-year medium-term lending facility ... portfolio manager at Green Harmony Capital in Hong Kong. Some market participants believe the ... ( read original story ...)
Asian Financial Crisis 2.0: Banking system creaks under pressure of companies struggling to survive coronavirus pandemic
Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of ... ( read original story ...)
HSBC HK shareholders mull legal action over dividend suspension
HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments. HSBC and ot ... ( read original story ...)
The Dow Is Set to for a Drop, Bank of America Stock Is Sliding, and UnitedHealth Is Gaining
Overseas, Hong Kong’s Hang Seng Index is down 1.2% ... Stock in Boeing (BA)—the aircraft maker—are up 0.6% as well on the news. More bank earnings are on tap Wednesday. JPMorgan Chase (JPM) and Wells ... ( read original story ...)
Hong Kong stocks drop as IMF flags deep global recession
IMF says HK economy to contract 4.8% in 2020 BEIJING/SHANGHAI, April 15 (Reuters) - Hong Kong’s benchmark share index ended lower on Wednesday as forecast of a deep recession this year by the ... ( read original story ...)
Dow Futures Drop, Bank of America Falls, UnitedHealth Gains
S tock futures were pointing to a lower open Wednesday morning. Bank of America stock was falling after reporting earnings, while UnitedHealth was rising. Stock futures were point ... ( read original story ...)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Koninklijke Philips, Zoom Video and The Clorox Company
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks ... ( read original story ...)
Stocks Trade Mixed With Earnings Season Ramping Up: Markets Wrap
Stocks in Europe fell along with American equity-index futures on Wednesday as a risk-off mood took hold while investors scoured corporate earnings to gauge the impact of the coronavirus outbreak. The ... ( read original story ...)
Breakingviews – Corona Capital: Bank credit lines, Renault
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. BALANCE SHEET BLUES. Borrowers are rushing to ... ( read original story ...)
Global stocks, oil price sink on grim forecasts
Global stocks and oil prices have sunk after the International Monetary Fund said the world economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. ( read original story ...)
Chinese companies still hope for New York IPOs — despite recent fraud, scandals and coronavirus
Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee. ( read original story ...)